The price of ETH ( Ethereum) commonly known as Ether, is in a bearish trend .
This year, altcoins have had their fair share of Tulip mania, not even the mighty Ethereum was untouched .
Highs of 18,96USD earlier this year coupled with the DAO attack and the rise of Bitcoin have collapsed the price - currently at lies of 8,54USD
I'm sure it will be reaching its turning point - but upward momentum will surely only take place in the first quarter of 2017.
A carefully hedged strategy and caution on short sellers .
Having ether in your crypto portfolio will undoubtedly add diversification benefits , Intra day traders - beware, I'm sure some of you have landed up like Curious George , got high on Ether, to land up down low .
Ethereum is definitely depressed and with a long term investing philosophy will certainly have a bright 2017-2018 ahead with these depressed levels we are currently witnessing .
For more in depth chart analysis see newsBTC link below
http://www.newsbtc.com/2016/11/28/ethereum-price-technical-analysis-ethusd-struggle-continues/
Thanks for the information. Just started to study crypto currency's this weekend. Steemian New User here, and voraciously excited to learn more. 👍💯😎
Great to have you on board @hexdek16 - steem and Ether are great assets to hold- if you are more of a passive investor check out iconomi.net where you can track the crypto currency index - much cheaper than investing in altcoins and Bitcoin directly via exchange - something to read and look into